Mathematics, 13.05.2020 06:57 ramandeep

Which is the better investment for 10 years: investing $500 at 10% APR or $1,000 at 2% APR? Both investments have annual compounding.

After 10 years, $500 at 10% APR would grow to $

After 10 years, $1,000 at 2% APR would grow to $

The better investment is:

Answers: 3

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Which is the better investment for 10 years: investing $500 at 10% APR or $1,000 at 2% APR? Both inv...